Cairo - Mubasher: The Egyptian Exchange's (EGX) Listing Committee approved, on 22 April 2026, the listing of South Valley Cement Company's rights issue shares, according to a bourse filing.
The listing will allow the shareholders to participate in a cash capital increase and trade the rights separately from the original shares.
The rights trading period starts on 27 April and will continue until the close of the trading session on 10 May 2026, which was amended instead of 7 May.
Meanwhile, the cash subscription period will remain available until 13 May 2026 instead of 12 May.
The company aims to double its issued capital to EGP 4.82 billion from EGP 2.41 billion through the issuance of 482.25 million new shares.
According to the fair value (FV) study prepared by independent financial advisor BDO Keys, the fair value of the stock was estimated at EGP 5.68 per share as of 31 December 2025.
